OSLO: Prime Minister Narendra Modi met with the Prime Minister of Iceland, H.E. Ms. Kristrún Frostadóttir, for their first official bilateral engagement on the sidelines of the 3rd India-Nordic Summit. Prime Minister Modi extended his congratulations to Frostadóttir on her historic achievement as the youngest Prime Minister in Iceland’s history.
The dialogue focused heavily on maximizing the economic benefits of the newly active India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA).
Key Takeaways from the High-Level Meeting
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The TEPA Catalyst: Both leaders agreed that the newly enforced trade pact serves as an excellent launchpad to unlock untapped bilateral opportunities across trade, investment, and joint manufacturing initiatives.
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Geothermal & Marine Alliance: The leaders reviewed core sectors of mutual interest, focusing on Iceland’s specialized expertise in geothermal energy, sustainable fisheries management, and advanced technologies.
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Arctic & Frontier Research: Discussions highlighted the importance of deepening institutional ties in Arctic research, alongside developing the creative economy, cultural exchanges, and tourism.
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Official Invitation: Prime Minister Modi extended a formal invitation to Prime Minister Frostadóttir to visit India to continue building on the strategic momentum.
